On April 24, according to Cointelegraph, John D'Agostino, Head of For Coinbase's Institutional Division, stated that in April 2025, sovereign wealth funds and other institutions are accumulating large amounts of Bitcoin (BTC), retailiting ETFs and spot markets.
<.interview, cointhis Coinbase executive compared Bitcoin to gold, saying that many institutional investors are purchasing Bitcoin to hedge against currency inflation and macroeconomic uncertainty.The executive stated: "Bitcoin trading is based on its core characteristics, which are similar to gold, including scarcity, immutability, and the portability of a non-sovereign asset. So its trading method is exactly what those those Bitcoin hope it see it trade."
